Conduct a comprehensive cost-benefit analysis for the implementation of a health information system. Create an engaging and dynamic 5-8 minute in
Assessment 2
Financial Assessment and Stakeholder Communication Podcast
(Speaker notes needed for the pod cast)
Instructions: Conduct a comprehensive cost-benefit analysis for the implementation of a health information system. Create an engaging and dynamic 5-8 minute internal podcast targeting the board to gain their approval for the implementation. This assessment will build on your first assessment and should be completed second.
Introduction
As a healthcare manager, you need to know about the key aspects of health information technology (HIT) implementation, including leadership, financial assessment, stakeholder communication, and the leveraging of evidence-based practices. For this assessment, you will conduct a comprehensive cost-benefit analysis for the implementation of a health information system and create an engaging and dynamic podcast to communicate the value of the implementation to the board.
Key concepts:
- The role of leadership in driving successful HIT implementation.
- The financial implications of HIT, including cost-benefit analysis and return on investment.
- Strategies for identifying stakeholders, effective communication techniques, and ways to address concerns and objections during EHR system changes.
- The role of EHRs, telemedicine, mHealth, and health information exchanges (HIEs) in promoting evidence-based care delivery and improving patient outcomes.
- The use of healthcare data analytics to improve the quality of patient care and safety.
The assessment will require you to use your knowledge and skills to conduct a cost-benefit analysis, create a podcast, and communicate the value of HIT implementation to the board. This will help you develop the competencies necessary to be a successful HIT leader.
Note: The assessments in this course build upon each other, so you are required to complete them in sequence.
Overview
In this assessment, you will work to apply best practices related to financial assessments and decisions required for the implementation of health information systems. Additionally, you will practice persuasive communication skills to gain buy-in from diverse stakeholders while embracing principles of diversity, equity, and inclusion.
Preparation and Scenario
In this assessment, you will conduct a comprehensive cost-benefit analysis for the implementation of a health information system. You will engage with the Vila Health simulated healthcare organization within the context of the scenario presented in the following media piece:
Use Zoom, Kaltura, or another collaborative tool to assist in podcast creation, you will then create an engaging and dynamic 5–8 minute internal podcast targeting the board to gain their approval for the implementation. (Refer to Using Zoomor Using Kaltura for guidance.) Check with your faculty if you would like to use a tool other than Zoom, to be sure it is acceptable and can be uploaded to the courseroom and reviewed.
Instructions
- Selection of Health Information System:
- Using the Vila Health simulated healthcare organization provided (in the VilaHealth: Value and Stakeholder Communication media piece), you will analyze the cost-benefit for a new health information system. Make sure you access sufficient information about the system and its potential implementation.
- Cost-Benefit Analysis:
- Using the Cost-Benefit Analysis [DOCX] template, conduct a thorough cost-benefit analysis for the implementation of the selected health information system. The analysis should include a detailed assessment of the financial implications, potential return on investment, and long-term benefits.
- Podcast Creation:
- Create a 5–8 minute podcast that effectively communicates the key points of your cost-benefit analysis. Include an overview of the health information system, the financial analysis results, and the potential impact on the organization's operations and patient care. Ensure your podcast has the following:
- Persuasive Communication:
- Use persuasive communication techniques to engage the audience and emphasize the significance of the proposed implementation. Incorporate storytelling and real-world examples to make the podcast compelling and relatable.
- Stakeholder Buy-In:
- Present at least three methods that can be used to influence and gain buy-in from diverse stakeholders, including the board. Consider how principles of diversity, equity, and inclusion can be integrated into the communication strategies to build a strong case for implementation.
- Professional Standards and Inclusivity:
- Ensure that the podcast adheres to professional standards of communication and presentation. Embrace principles of diversity, equity, and inclusion by being respectful of different perspectives and promoting equitable access to healthcare.
- Persuasive Communication:
- Create a 5–8 minute podcast that effectively communicates the key points of your cost-benefit analysis. Include an overview of the health information system, the financial analysis results, and the potential impact on the organization's operations and patient care. Ensure your podcast has the following:
This assessment provides an excellent opportunity for you to demonstrate your skills in financial analysis and persuasive communication which are essential in the field of health administration. If you have any questions or need guidance, don't hesitate to reach out to your faculty.
Additional Requirements
Your assessment should also meet the following requirements:
- Submissions: Upload the final cost-benefit analysis along with the recorded podcast to the assessment area.
- Written communication: Written communication is free of errors that detract from the overall message.
- APA Format: Use appropriate APA format for a clear, concise presentation of information. Refer to the APA Modulefor help with APA style guidelines. Communicate information and ideas accurately, utilizing peer-reviewed sources, including proper APA reference citations.
- Length: Cost-benefit Analysis and 5–8 minute podcast.
- Font and font size: Times New Roman, 12 point.
Competencies Measured
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
- Competency 3: Apply best practices relative to the financial assessments and decisions required for the implementation of health information systems.
- Conduct a detailed and accurate financial analysis.
- Competency 4: Apply evidence to influence buy in from all stakeholders.
- Discuss clear and effective strategies for stakeholder communication.
- Use clear and relevant storytelling with examples.
- Competency 5: Communicate effectively using professional standards embracing diversity, equity, and inclusion.
- Create a clear and well-structured presentation and podcast.
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 1 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
TRANSCRIPT
Capella University
Value and
Stakeholder
Communication
VILA HEALTH ® ACTIVITY
Introduction
Independence Medical Center
As part of your role as Director of Quality Management at Independence Medical Center, you have been asked to prepare an analysis of the various stakeholder
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 2 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
groups affected by the recommendations you made earlier. A key aspect of the analysis will be a summary of the impact of the recommendations and strategies for overcoming barriers to implementation of your recommendations.
In this media piece, you will be able to gather information related to stakeholder concerns and their needs and values related to the EHR system. The EHR in use at Independence Medical Center is an Opus* system that was implemented in 2008. The CPOE is an Opus module, but none of the other health information systems in use at Independence Medical Center are Opus products.
*Opus is a fictional EHR system comparable with systems such as Epic or Cerner.
Hospital Leadership Gather information by speaking to hospital leaders. Read their responses below.
Norman Reynolds / Independence Medical Center CEO The future of healthcare is about efficiencies. Discharge processes need improvement, especially concerning readmissions, which cost about $7200 per preventable case. Consider that decreasing readmissions by just 100 patients a year could save over $700,000. But to make this a reality, we need thorough stakeholder communication and buy-in. This isn't just about the financials, it's about community well-being.
Gwendolyn Zimmer / Independence Medical Center COO I'll be candid – we're yet to recoup the costs from our last health information system overhaul. We have capital improvements, like the potential bariatric unit which would cost about $60,000, pending. Yet, stakeholder communication is essential. Their buy-in can help us make informed decisions balancing both IT and infrastructural improvements. The potential bariatric unit could be a new revenue stream if stakeholders see its value.
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 3 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
Matthew Wolfe / Director of Financial Services The migration to ICD-10 is on my radar. Figures from CMS are concerning – claim denial rates potentially increasing by 100 to 200 percent and claims processing time seeing a rise of 20 to 40 percent. We need stakeholder insights more than ever. An adaptable EHR system could ease this transition, especially one that can cut claims processing turn-around time, which currently might increase by ten to twenty days with new EHR implementations.
Aaron Johnson / Director of Financial Services Controlling pharmacy costs is an ongoing process. Pharmacy costs make up 13% of our hospital's operating budget, of which only 20% is on salaries. The rest? Drug costs. Improving drug management, reducing waste, and correcting billing errors could lead to significant savings. But to tackle EHR discrepancies and ensure accurate billing, we need the buy-in and collaboration of our stakeholders.
Linda Bradford / Chair of Financial Committee Board Discussing improvements and costs is essential. But stakeholder engagement? That's paramount. Their feedback can guide decisions that not only impact our bottom line but also patient care, staff morale, and the hospital's reputation. We need to ensure everyone's on the same page as we navigate these financial challenges.
Clinical Services Gather information by speaking to clinical services leadership. Read their responses below.
Patricia Deering / MS, Chief Medical Officer I'll be frank – physician productivity is the first thing I look at. Our current system, implemented in 2011, saw a significant drop in productivity. 2014 adjusted RVUs
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 4 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
are still below 2010 levels. Take infectious disease doctors for instance. They currently have a median work RVU of 4200. That should be closer to 4800. Improving this to even 4500 would mean $50,000 more in patient service revenue annually. While that may seem minor, it's significant for us. Recent studies show EHRs can boost productivity, and it's essential. But it's not just about changing systems; it's about making sure stakeholders — our doctors, nurses, and staff — are informed, engaged, and prepared for these changes. Their input and buy-in are crucial.
Diane St. John / Chief Nursing Officer Reducing re-admissions is paramount. CMS penalties are one thing, but re- admissions also draw negative attention from private health insurers and patients. I've seen figures showing the average penalty from CMS last year was $125,000. We must also consider patient portals. Our current one is passive, and we need one that is more interactive. An enhanced patient portal can aid in smoother care transitions. However, it's not just about implementing these tools. Stakeholder communication and buy-in is key. The nursing staff, case managers, and patients themselves have to be involved in these decisions, ensuring a more holistic approach to patient care.
Carmen Vega / Stakeholder Communication Specialist I can't stress enough the importance of engaging our stakeholders during these times of change. Patricia, Diane, while it's essential to identify areas for improvement, it's equally critical to ensure our teams are part of these discussions. Their feedback can help refine the transition process, making it smoother and more effective. I've seen too many initiatives falter due to lack of proper communication and stakeholder buy-in. We need to prioritize this as we navigate our path forward.
Clinical & Non-Clinical
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 5 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
Clinical & Non-Clinical
Staff Gather information by speaking to clinical and non-clinical staff. Read their responses below.
Debra Green / Nurse Manager – ICU You know there's one area that we haven't been talking about much, and that's controlling labor costs. Overtime is over a million annually, $1,300,000 for overtime alone. If we could reduce overtime by fifteen percent, we could save almost $200,000 a year. Using the EHR to better track admissions and daily census information would help fine-tune staffing needs. But we must engage with our nurses to make this work. Their input can help us ensure that these changes actually reduce overtime without sacrificing patient care or staff well-being.
Ruby Martindale / RN – Emergency Department To be honest, getting accurate and timely reports is the biggest problem. With the right data, we could find one or two percent savings on virtually every non-labor related line item. But it's not just about having the data; it's about having an ongoing dialogue with our teams to understand their needs and insights. That's how we can develop truly effective solutions.
Matthew Allen / Laboratory Technician We need to identify savings, but not at the expense of patient care or our staff. Many hospitals report unnecessary lab testing, which can eat into our bottom line. Reducing waste could save 2–3% of our total lab budget, say fifteen to twenty thousand dollars a year. However, we must not forget the importance of involving the staff in these decisions. Their insights, their needs, and their buy-in can help us implement these changes in a way that truly supports our goals.
Carmen Vega / Stakeholder Communication Specialist You've all highlighted critical areas where improvements can be made. Debra, your focus on overtime; Ruby, your emphasis on timely reports; Matthew, your concern for unnecessary lab testing. All of these are valuable insights. But the common
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 6 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
for unnecessary lab testing. All of these are valuable insights. But the common
thread here is the need for communication and buy-in. We need to create a culture where everyone's voice is heard, and where people feel a part of the decision- making process. That's how we can turn insights into actionable plans and make meaningful improvements.
Conclusion Having followed up with stakeholders and other employees at Independence Medical Center, you should now have a better understanding of what barriers and concerns exist regarding changes to the EHR. You should be able to use this information to prepare your stakeholder analysis and to fine-tune your recommendations for improvements.
Reflect
Question 1 How do the recommendations you are making impact the concerns and issues expressed by these stakeholders?
Your response:
This question has not been answered yet.
Feedback As you identify the areas where you may encounter resistance, it's important to use your understanding of the stakeholder concerns and values to shape solutions.
Question 2
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 7 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
Question 2
What specific impacts of your recommendations do you anticipate will be most significant to the stakeholders?
Your response:
This question has not been answered yet.
Feedback You will need to research best practices for EHR implementation in order to determine a convincing and feasible strategy for overcoming barriers and objections to your recommendations.
Question 3 How will your recommendations address the financial implications emphasized by stakeholders and ensure consistent communication and buy-in throughout the EHR transition?
Your response:
This question has not been answered yet.
Feedback A key aspect of any recommendation is understanding the financial ramifications. Given that stakeholders have emphasized financial concerns, it's crucial to outline the potential savings and returns on investment the EHR updates might offer. Equally important is ensuring that stakeholders are kept in the loop, understanding their concerns and ensuring their voices are heard. This not only promotes a smoother transition but also fosters trust and buy-in, essential elements for the successful implementation of any new system or process.
You have completed the
8/30/25, 7:57 AMVila Health: Value and Stakeholder Communication Transcript
Page 8 of 8https://media.capella.edu/CourseMedia/MHA5016element240431/transcript.asp
activity!
! BACK TO MEDIA " BACK TO TOP
Licensed under a Creative Commons Attribution 3.0 License
,
Remove or Replace: Header Is Not Doc Title
This is a template—delete the following on your title page once you’ve read it:
· The cost-benefit analysis template should be customized for each specific project, ensuring the inclusion of relevant costs and benefits.
· Use accurate and up-to-date data to ensure the reliability of the analysis.
· Consider using charts or graphs to visually represent the cost-benefit analysis for enhanced clarity.
· Seek guidance from your faculty or academic advisor if you have any questions or need assistance with the cost-benefit analysis process.
· Remember, a well-structured and comprehensive cost-benefit analysis is crucial for making informed decisions regarding project feasibility and resource allocation. Good luck with your analysis!
Cost-Benefit Analysis
Team Names
Capella University
Faculty
Date
Cost-Benefit Analysis
In this section, provide a brief overview of the project and its objectives. Describe the context of the project and its significance in the field of study.
Cost Analysis Direct Costs
Add your items below to discuss direct costs.
[Item 1]: Description and Cost.
[Item 2]: Description and Cost.
[Item 3]: Description and Cost.
Indirect Costs
Add your items below to discuss indirect costs.
[Item 1]: Description and Cost.
[Item 2]: Description and Cost.
[Item 3]: Description and Cost Total Project Cost Benefit Analysis.
Quantitative Benefits
Add your quantitative benefits below.
[Benefit 1]: Description and Value.
[Benefit 2]: Description and Value.
[Benefit 3]: Description and Value.
Qualitative Benefits
Add your qualitative benefits below.
[Benefit 1]: Description and Explanation.
[Benefit 2]: Description and Explanation.
[Benefit 3]: Description and Explanation.
Total Project Benefits
Discuss the total benefits here.
Cost-Benefit Ratio
Calculate the cost-benefit ratio by dividing the Total Project Benefits by the Total Project Cost.
Financial Evaluation
Provide a detailed financial evaluation of the project by comparing the Total Project Benefits with the Total Project Cost. Interpret the cost-benefit ratio and its implications for decision-making.
Sensitivity Analysis
Conduct a sensitivity analysis to assess how changes in project variables (for example, costs, benefits) may impact the cost-benefit ratio. Identify critical variables and their potential effects on the project's financial feasibility.
Conclusion
Summarize the findings of the cost-benefit analysis and the financial evaluation. Provide a clear recommendation based on the results of the analysis. Limitations and Assumptions Acknowledge any limitations and assumptions made during the cost-benefit analysis that may have affected the results.
References
List at least two sources used in conducting the cost-benefit analysis using APA 7th edition format. Make sure all your sources are cited in the analysis above.
1
1
image1.emf
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
